Nuveen Municipal Credit Income Fund
118 hedge funds and large institutions have $286M invested in Nuveen Municipal Credit Income Fund in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 36 increasing their positions, 33 reducing their positions, and 15 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 33
1.94% less ownership
Funds ownership: 14.42% → 12.48% (-1.9%)
6% less funds holding
Funds holding: 125 → 118 (-7)
14% less capital invested
Capital invested by funds: $335M → $286M (-$48.3M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
47% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$6.2M |
| 2 |
Cohen & Steers
New York
|
+$2.74M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.44M |
| 4 |
VanEck Associates
New York
|
+$943K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$734K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$20.7M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$18.8M |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$5.57M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.38M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$2.54M |
NZF Hedge Fund Activity: Q3 2016 in Review
118 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q3 2016, worth a combined $286M — down 14% from $335M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of NZF and 8 opened new positions — a net loss of 7 holders — while 33 trimmed existing stakes and 36 added.
The largest buyer was Mackay Shields LLC, adding an estimated $6.2M. The largest seller was Karpus Investment Management, cutting an estimated $20.7M.
- 118 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q3 2016, down from 125 in Q2 2016.
- Funds reported $286M of Nuveen Municipal Credit Income Fund stock for Q3 2016, down 14% quarter-over-quarter.
- 8 funds opened new Nuveen Municipal Credit Income Fund positions in Q3 2016 and 15 closed out, a net change of -7 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q3 2016 was Mackay Shields LLC, an estimated $6.2M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q3 2016 was Karpus Investment Management, an estimated $20.7M sold.
Based on aggregated 13F filings for Q3 2016.